3 reasons to short Corto

U.S. Dollar/Mexican PesoFXCM

Descripción

⋅ 26 de Sep. de 2013 22:09

fib counflence, bearish divergence, bearish candle stick.
below the yellow line potenial for more downside.

Comentarios

motleifaul

⋅ 27 de Sep. de 2013 13:13

Any reason doesn't help when the market thinks different. Shouldn't you better close this position as I did?

traderWgun

⋅ 27 de Sep. de 2013 17:09

yes the market has a will of it own. I got stopped out at 13.12.

motleifaul

⋅ 26 de Sep. de 2013 22:11

3 good reasons.

QuantitativeExhaustion

⋅ 26 de Sep. de 2013 22:10

This defies what most traders think will happen. Most traders are thinking peso higher, while US equities lower.

traderWgun

⋅ 26 de Sep. de 2013 22:31

aware of this, but 1 most trades are wrong 2 youhave to do your own homewok 3 this is short term, long term this could still be bullish

QuantitativeExhaustion

⋅ 26 de Sep. de 2013 22:32

Short term bearish I agree. Shake out weaker players over the next few days. Thinking sometime first week of October Peso resumes bullish trend.